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Albania to Start Taxing Crypto-Related Income From 2023
25.6.2022
Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set...
Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports
23.6.2022
The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country. The new rules include the obligation of taxpayers to disclose all of their cryptocurrency holdings to the tax authorities, as well as their value...
Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors
7.6.2022
PRESS RELEASE. ATLANTA, June 7, 2022 – Ledgible, the leading professional-first crypto tax and accounting platform, today announced $20 million in funding for its Series A Round led by EJF Capital LLC (“EJF”) through its affiliate, the EJF Silvergate Ventures Fund. Joining...
Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform
31.5.2022
The Japanese Prime Minister Fumio Kishida has indicated that he may be open to reforming the nation’s much-maligned crypto tax laws in a bid to spark Web3-related growth....
Read More: Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
26.5.2022
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions...
Portugal's Assembleia da Republica says no to two crypto tax bills
26.5.2022
The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes
Two Crypto Tax Proposals Defeated in Portugal, but Gov’t Likely to Follow up With Own Bill
26.5.2022
Portugal’s status as a crypto tax haven remains in serious doubt – despite the defeat of two bills calling for the rollout of taxes....
Read More: Two Crypto Tax Proposals Defeated in Portugal, but Gov’t Likely to Follow up With Own Bill
ZenLedger Raises $15M to Expand Crypto Tax Products
25.5.2022
ZenLedger, a tax software company, is planning new products that push into institutional markets
Japanese Opposition Leader Urges Crypto Tax Reform to Provide Nation with Web3 Boost
23.5.2022
Japan could be set to overhaul its crypto tax system – with opposition leaders joining a chorus of MPs and business leaders calling for a change in tax law to stop an “outflow” of crypto-related talent and convince Japanese crypto firms not to relocate overseas....
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Spain’s Basque Country Readies its Own Crypto Tax Laws, Exchanges to Be Forced to Report on Clients
20.5.2022
While central governments continue to hum and haw about the how, whens, and whys of crypto taxation and regulation, some provincial governments have decided to go it alone – particularly in the Basque Country, Spain.
El Indipendiente reported that all three of the Basque Country’s major Western...
Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions
20.5.2022
Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has said Islamabad can generate at least...
RBI warns of crypto 'dollarization' of Indian economy
17.5.2022
Crypto "will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country," according to Reserve Bank of India officials
Portugal to Tax Cryptocurrency Income According to Minister of Finance
17.5.2022
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains...
Portugal to lose crypto tax haven status as state announces gains duties
17.5.2022
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender
Another Crypto Tax Haven in Danger, Goldman's & Nomura's Moves, DEI Depegs, NFTs on Spotify + More News
16.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______...
Read More: Another Crypto Tax Haven in Danger, Goldman's & Nomura's Moves, DEI Depegs, NFTs on Spotify + More News
Crypto capital gains one of four key areas for Australian Tax Office
16.5.2022
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh
Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending
14.5.2022
The German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year even if the coins are used for staking and lending. How Crypto Gains Are Taxed in Germany The German Ministry of Finance announced Wednesday that it has published...
India Considers Imposing 28% GST on All Crypto Transactions: Report
10.5.2022
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied
9.5.2022
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation....
Crypto tax calculator Koinly integrates Terra into its platform
26.4.2022
The integration provides LUNA users a way to accurately track and record their transactions to meet their tax obligations, according to Koinly's Tony Dhanjal